VF Corporation to sell Dickies to Bluestar Alliance

* VF (NYSE:VFC [https://seekingalpha.com/symbol/VFC]) and Bluestar Alliance have entered into a definitive agreement [https://seekingalpha.com/pr/20231440-vf-corporation-to-sell-dickies-to-bluestar-alliance] for Bluestar Alliance to acquire the Dickies brand for $600 million in cash, the companies said on Monday.
* The transaction is expected to close by the end of CY2025, subject to customary closing conditions and regulatory approvals.
* UBS is serving as financial advisor to VF, and Davis Polk & Wardwell LLP is serving as its legal advisor.

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